Even as China's largest carrier, China Mobile was facing a slow death without 4G and Apple's iPhone. CM's launch of 4G and embrace of Apple will be a huge boon for China Mobile. As for Apple, revenue and earnings are going to shoot through the roof for several years. This is not some temporary flash in the pan. China, India, Japan, all are combining to greatly expand Apple's market. North American sales aren't too shabby either. This long awaited deal is very good news for both companies and with the official Apple/CM announcement now out of the way you can expect Wall Street analysts to begin revising upward today.

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